I.I.I. chief actuary James Lynch explains why ProPublica’s analysis on auto insurance is inaccurate, unfair and irresponsible:
It looks like ProPublica failed its first actuarial exam.
The renowned investigative journalism website has, along with Consumer Reports magazine, published reports that auto insurers systematically charge unfairly high rates to people in minority and low-income communities.
It is an explosive charge—to say that in, for example, Illinois, 33 out of 34 companies the journalists looked at (including the nation’s largest insurers) all systematically price-gouged minority communities and areas with predominantly low income households.
And the charge is inaccurate.
Read Lynch’s full Op-Ed in Insurance Journal here.